Brockman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $35,000. Budgeted cash disbursements are $127,000, while budgeted cash receipts are $126,000. Brockman Company wants to have an ending cash balance of $50,000. How much would Brockman Company need to borrow to achieve its desired ending cash balance?
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Home » Business » Brockman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $35,000. Budgeted cash disbursements are $127,000, while budgeted cash receipts are $126,000.